Please help! Ch 26.1

Crane Company is planning to produce 1,400 units of product in 2022. Each unit requires 3.4 pounds of materials at $5.8 per pound and a half-hour of labor at $12 per hour. The overhead rate is 50% of direct labor. (a) Compute the budgeted amounts for 2022 for direct materials to be used, direct labor, and applied overhead. Direct materials Direct labor Overhead $ (b) Compute the standard cost of one unit of product. (Round answer to 2 decimal places, e.g. 2.75.) Standard cost Per Unit